Kalmar Oyj B (KMROF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon from Helsinki and welcome to our second quarter 2026 earnings call. It's July, which is supposed to be the peak of our summer, but it's very chilly outside today. The Finnish summer is short, but at least we have not much snow. So while we might be missing on the sunshine outside, we are happy to shed some light on the Kalmar result for this quarter. My name is Karina Geberteir and I'm heading the Kalmar investor relations. Today's result will be presented by our CEO Sami Niiranen and CFO Sakari Ahdekivi. We will have a Q&A session at the end of the call. And I would like to remind you that this webcast is recorded. It will be available on Kalmar's Investor Relations website later. And please pay attention to the disclaimer as we will be making forward looking statements. We are now ready to start the presentation, so I will hand over to you, Sami. Thank you. So thank you, Carina, and good afternoon, everyone from Helsinki. It's my pleasure to present Kalmar's second quarter 2026 results. I'm starting with an overview of the quarter. Overall, our performance was steady with strong sales growth and cash flow. And this goes for both segments and for different regions. Customer demand remained relatively stable and our order intake was in line with the comparison period at 449 million euros. and our sales grew by 14% to 480 million euros. Our eco-portfolio sales grew strongly by 27% and there was also improvement in the order intake for fully electric equipment. I will revert to this in a bit. Our comparable operating profit improved and in our services segment the performance improved sequentially. Our driving excellence initiative continued to deliver results. Sakari will cover this in more detail in his part of the presentation. Operating cash flow for...